Discussion on 'If you cannot get any credit cards with your bad personal ...?'

(1) On December 02, 2007 at 1:41 pm Ibodner [28] said:

Business Credit is separate from Personal credit - that is important to remember as a small business owner. Many business owners, just like in this question, have bad credit but that is not to be confused with business credit. Just like Equifax reports credibility of an individual the business has a credit reporting agency that reports on its stability as well. The key is to get your business registered with the credit reporting agency so that lenders can feel confortable issues out loans, credit lines, or extended terms to the business. Bad credit or lack of credit is no longer an obstacle that prevents the small business owner from finding financing or funding their small business. Small business loans are available to those who have incorporated their business, have a corporate tax id and are willing to keep up their business profit and the business credit score.

A handful of companies help with that online right now, I suggest searching the web for "strong business credit" (make sure to do it in quotes when you search). That will allow you to view the companies that help with that service.

Good luck to all.

Ilya Bodner

Small Business Owner

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